September 19, 2024
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INVESTING News TECH

Discover the Spanish startup disrupting travel with a massive €60M funding round!

Discover the Spanish startup disrupting travel with a massive €60M funding round!

Embark on a journey where the world is your oyster – from multiple hotels to flights and activities galore. The complexity of planning such extravagant overseas trips often leaves travelers at the mercy of traditional travel agents. However, a Spanish startup called Exoticca aims to revolutionize this untapped market. With a recent €60 million Series D funding from Quadrille Capital, Exoticca is set to redefine the multi-day tour package experience.

  1. Digital Transformation:
    The multi-day tour package market, though vast, remains one of the final frontiers in the travel industry waiting to be digitized. Exoticca’s innovative platform seamlessly connects all components of a trip – flights, hotels, meals, transfers, and local excursions. This digital advancement not only simplifies the booking process for complex packages but also claims to slash costs by up to 30%.
  2. Explosive Growth:
    Exoticca proudly touts a remarkable sales surge, more than doubling year-over-year since 2015. Operated across various countries including the United States, Canada, United Kingdom, France, Germany, Spain, Mexico, and Colombia, Exoticca has fostered partnerships both online and offline to expand its reach and cater to diverse traveler needs.
  3. Innovation Over Tradition:
    CEO Pere Vallès emphasizes the necessity for a digital evolution in the outdated realm of package tours. Drawing inspiration from Thomas Cook’s original invention, Exoticca’s online model exemplifies flexibility, cost-effectiveness, and convenience. Highlighting the benefits of real-time pricing, Vallès illuminates the company’s ability to cater to middle and upper-middle-class clients seeking value for money in curated travel experiences.
  4. Global Expansion:
    While grounded in its origins in Barcelona, Exoticca sets its sights on broader horizons. The company aims to venture into Latin America, the Middle East, India, and China, tapping into new markets and cultural landscapes to broaden its offering.

Partnerships, investor trust, and financial backing from Quadrille Capital, All Iron, ICF, and an array of established investors underscore Exoticca’s financial robustness and strategic growth trajectory. With a steadfast commitment to redefining luxury tourism, Exoticca paves the way for a dynamic and immersive travel experience, fostering a new era of exploration and discovery.

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